The ship industry briefing

The latest news, views and numbers you need to know this month

News in Numbers

$2.5tn

20

85

$40m

30,000 litres

Business

WIND PROJECT ENTERS PHASE 2

The American Bureau of Shipping and Maritime Research Institute Netherlands have launched the next phase of the Wind assisted Ship Propulsion (WiSP2) joint industry project to promote the usage of wind propulsion. Under the second phase, the project will make assessments under real operational conditions.

Source: Ship Technology

NYK TO BUILD PCTCS

Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) has signed a memorandum of understanding for the consecutive construction of liquefied natural gas-powered pure car and truck carriers (PCTCs) at two shipyards. In total, 12 new vessels will be built – six at Nihon Shipyard and six at Shin Kurushima Dockyard.

Source: Ship Technology

KSOE SECURES ORDERS WORTH $1bn

Korea Shipbuilding and Offshore Engineering (KSOE) has reportedly secured orders worth $1bn for the construction of ten vessels. In a regulatory filing, KSOE revealed that it had won a $385m order from an Oceanian firm. This deal included the delivery of two 174,000m³ liquefied natural gas carriers by the end of 2023. The vessels will be built by the Hyundai Heavy Industries unit.

Source: Ship Technology

LNG TO BREAK THE ICE

Wärtsilä Voyage has secured an order to supply radio and integrated navigation systems for ten icebreaking liquefied natural gas tankers, which are to be built for the Arctic LNG-2 project. The new contract, which was placed in January, will now be implemented in partnership with Samsung Heavy Industries shipyard.

Source: Ship Technology

Quotes

John Maggs, Senior Policy Advisor, Seas at Risk after the International Maritime Organization (IMO) failed to act on the Arctic climate crisis, after plans to reduce black carbon emissions from shipping in the Arctic were bumped off the agenda of its Marine Environment Protection Committee meeting (MEPC76).

“If the global shipping industry was a country, it would be the world’s sixth-biggest emitter of greenhouse gases. Yet as governments publish their Nationally Determined Contributions (NDCs) ahead of November’s COP26, the International Maritime Organisation, as shipping’s governing body has adopted measures that will do little or nothing to address the climate crisis - in the Arctic, for small island states, and around the world.”

Eyesea founder Graeme Somerville-Ryan on how the company’s app supports the shipping industry to help the clean-up of global floating ocean waste issue by mapping it with geotagged pictures allowing industry bodies to identify areas that need clean-ups and pollution monitoring.

“Nobody sets sail to cause harm; nobody wants to be the cause of pollution. Large shipping companies aren't really the problem when it comes to floating pollution, although often they are the easiest ones to blame for it.”